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Description

GREAT INVESTMENT OPPORTUNITY!! WELL MAINTAINED/ GOOD CONDITION FOUR FAMILY LOCATED IN THE CENTER OF NORTH NEWARK. Fully occupied and generating $5,575/month in rental income. Low property taxes make this an excellent investment opportunity. Units feature hardwood floors, high ceilings, a Huge living room/dining room, and are in good condition. Owner pays heat for Units 2,3, and 4 (avg. $200/month). Unit 1 has central A/C installed less than 5 years ago. Annual insurance $4,300. Strong cash flow with stable tenants in place. Convenient North Ward location near schools, shops, and transportation.

Features

Heating System : Forced Hot Air, 2 Units, Radiators - Hot Water
Cooling System : Central Air, Wall A/c Unit(s), Window A/c(s), 1 Unit
Basement : Finished
Roof Deck : Asphalt Shingle
Parking Description: None
Tax Assessed Valuation: 171300
Sewer: Public Sewer
Water: Public Water

Appliances

Utilities: See Remarks

Additional Info

Office Name: C-21 SEMIAO & ASSOCIATES
Office MLS ID: 03501
Agent ID: 286381
Tax: 6514
Tax Year: 2024
Application Fee: $0

Multi-Family For Sale

For Sale

$865,000

564 Broadway, Newark City, *

27.30 Acre
7
Built Year 1920

Details

Property Type: Multi-Family
Listing Type: For Sale
Listing ID: 5384664
Price: $865,000
Bedrooms: 7
Bathrooms: 0
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 1920
Year Built Description: Approximate
Lot Area: 27.30 Acre
Status: Active
Days On Market: 0

Contact Agent

Sky Realty & Associates

Email:

skyrealty.sec@gmail.com
Tel:

973.344.8880

View Listings

Map

Address Map

Country US
County Essex
City Newark City
Zipcode *
Street: Broadway
Street Number: 564
Street Direction: Between Chester Ave E and Delavan Ave
Floor Number: 0
Longitude: W75° 50' 13.2''
Latitude: N40° 46' 10.7''
Internet Display Address: No